Egyptian president highlights importance of localizing industry, transferring technology - News Summed Up

Egyptian president highlights importance of localizing industry, transferring technology


Egyptian President Abdel Fattah El Sisi meets with state officials on Saturday as well as the heads of Czech’s Sigma Group, Japan’s Torishima, Germany’s KSB Group and Hungary’s Ganz – PresidencyCAIRO – 20 February 2021: Egyptian President Abdel Fattah El Sisi on underscored the necessity of localizing industry and transferring technology as a fixed approach the Egyptian state aims to achieve with foreign companies working in Egypt in various fields. The president’s remarks came as he met with state officials on Saturday as well as the heads of Czech’s Sigma Group, Japan’s Torishima, Germany’s KSB Group and Hungary’s Ganz, the Presidency said in a statement. “These efforts are made in cooperation with major international specialized companies with long-standing experience that have been operating in Egypt,” the Presidency added. During the meeting, Sisi highlighted a broad scope in Egypt where these companies can carry out their activities. These projects include the reclamation of agriculture lands and water transportation from sewage and water treatment plants, according to the president.


Source: Egypt Today February 20, 2021 18:22 UTC



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